Vodafone 2015 Annual Report Download - page 3

Performance highlights
Financial highlights
This year saw strong growth in most of our
emerging markets offset by a continued
decline in Europe, though many European
markets are showing signs of stabilisation.
Our signicant investment programme,
Project Spring, has led to a sharp rise in our
capital expenditure and we have increased
our dividend per share.
Our results this year include a full year
of Vodafone Italy (consolidated from
February 2014), our acquisitions of Ono,
Hellas Online and Cobra Automotive and
a full year of Kabel Deutschland.
Organic movements in this report exclude
the impact of recent acquisitions and
disposals, movements in foreign exchange
rates and certain other items. See page 212
for more information.
Strategic highlights
We have made signicant progress this
year, expanding our 4G coverage and
customer base in Europe, increasing
take-up of 3G in emerging markets and
further developing our xed business.
A year of continued
progress supported by
increased investment
More on nancial performance:
Page 38
More on our strategy:
Page 14–27
12m
Fixed broadband customers
We have grown our xed broadband base by
2.8 million over the year, through organic growth
and the acquisitions of Ono and Hellas Online.
19m
3G customers in India
We have grown our 3G customer base from 7 million
to 19 million in India, supported by the expansion
of our 3G coverage.
446m
Mobile customers
We have grown our mobile customer base by
15 million over the year, with signicant growth
in our emerging markets.
£2.0bn
Operating prot
Our operating prot, which is our prot for the
year before interest and tax, was £2.0 billion.
This compares with an operating loss of £3.9 billion
last year, which included an impairment loss of
£6.6 billion.
11.22p
Dividends per share
We have announced a nal dividend per share
of 7.62 pence, giving total dividends per share of
11.22 pence – a 2.0% increase year-on-year.
£11.9bn
EBITDA
EBITDA increased by £0.8 billion mainly through
the inclusion of Vodafone Italy and the acquisition
of Ono. On an organic basis EBITDA declined by 6.9%*,
reecting ongoing revenue declines in Europe and
the growth in operating expenses as a result of Project
Spring, partially offset by operating efciencies.
£9.2bn
Capital expenditure
Capital expenditure increased signicantly during
the year as we progressed with our Project Spring
investment programme and from the inclusion
of Italy and Ono.
Revenue
Revenue increased by 10.1% over the year, mostly due to the inclusion of
Vodafone Italy for a full year and the acquisition of Ono. On an organic basis,
revenue declined by 0.8%* as strong growth in our emerging markets was
more than offset by a decline in Europe.
4G customers
We now have over 20 million 4G customers across 18 markets, helping data trafc
grow by 80% across the Group.
72%
European 4G population coverage
We now have 72% 4G coverage compared with 46%
a year ago and will reach over 90% by next year.
Overview Strategy review Performance Governance Financials Additional information Vodafone Group Plc
Annual Report 2015
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